Artificial intelligence (AI) is rapidly becoming an essential tool for many professionals across various industry sectors, and the legal profession is no different.
By automating numerous repetitive, mundane tasks and replacing outdated ways of working, legal teams can experience the power of generative AI tools that feel like reliable AI assistants.
How is AI used in the legal profession?
AI is a simulation of human intelligence by a machine, and this opens up a whole world of possibilities. Generative AI can assist with document processing and classification for a wide range of matters, including due diligence, document and contract review, compliance, contract management, knowledge management and deal analysis.
By automating these tasks using intelligent technology, significant workflow benefits can be achieved, particularly with improved efficiency and productivity as well as greater accuracy.
The use of AI at law firms has transitioned from a mere desire to an essential requirement. It is changing the way we do business, much the same way as email did in the 1990s. As digital transformation continues to advance, AI will become ubiquitous and an indispensable assistant to practically every attorney and legal professional, freeing up time for tasks that add greater value such as thinking and advising.
“Legal generative AI is supposed to augment what a lawyer does. It’s not going to do legal reasoning, not going to do case strategy. What it’s supposed to do is do repeatable rote tasks much more quickly and efficiently.”
– Zach Warren, Manager, Technology and Innovation, Thomson Reuters Institute
AI for faster data synthesis and analysis
Creating, reviewing and sending various documents forms a large part of an attorney’s daily tasks. While important, these are repetitive and manual processes and are typically prone to human error, which can introduce an unnecessary element of risk. AI tools backed by expert human oversight give you a competitive edge by improving accuracy and thus reducing risk.
With the power of AI in your legal tech tools, you can sort files rapidly and seamlessly without needing to manually examine them. The range of assistance offered by legal-focused generative AI improves the legal firm’s or department’s output by facilitating the legal professional’s ability to apply their higher-level expertise to the work at hand.
Efficient legal research and drafting
Consider the value of AI-enhanced legal research technology.
Generative AI provides a jumpstart on legal research by reducing the time legal professionals must spend shifting through and summarizing content. These tools can produce in moments an informative version of research that would have previously taken hours or days.
Learn more about AI-Assisted Research on Westlaw Precision
Lawyers can then apply their expertise to refining the results to ensure that the research output is high quality, thorough, and accurate.
“For any of the tasks that lawyers do on a regular basis or that administrative professionals supporting the legal industry do on a regular basis, this technology allows them to do those things faster and to create a starting point much
Legal AI tools and assistants are becoming increasingly essential for legal teams in today’s fast-paced and complex legal landscape. These tools leverage artificial intelligence technology to help legal professionals streamline their work processes, improve efficiency, and provide more accurate and reliable advice to clients.Legal AI tools can assist with various tasks, such as legal research, contract analysis, case law analysis, due diligence, and document review. These tools can quickly analyze and extract pertinent information from large volumes of legal documents, saving legal teams valuable time and resources.
By utilizing AI tools and assistants, legal teams can improve the quality and speed of their work, allowing them to focus on high-value tasks and providing better service to their clients. Additionally, these tools can help legal teams stay up to date on the latest legal developments and trends, ensuring that they are always well informed and prepared.
legal AI tools and assistants have become essential tools for modern legal teams, enabling them to work more efficiently, provide better services, and stay ahead in an increasingly competitive legal market. Embracing AI technology can help legal professionals enhance their capabilities and achieve better results for their clients.